Huntington Beach Real Estate Market Comparison Report (Feb 2009 Vs Feb 2010)

We analyze several housing market indicators in order to present an in-depth breakdown of Huntington Beach Real Estate Market comparing February 2009 to February 2010.

Summary of Key Points

Key Statistics, Huntington Beach, CA: Median Sales Price (-0.34%), Median Days on Market (68.72%), and Number of Units Sold (22.22%), Sales Price to List Price Ratio (Feb 09 95% – Feb 10 98%)

Huntington Beach is showing slight signs of recovery with number of units sold picking up from Feb 09.Increase in median days on market is normally due to delay in getting short sale approvals from lenders.

Huntington Beach Real Estate

The city of Huntington Beach experienced a 0.34% decrease in median sales price from last year going down from $702,302 (Feb. 09) to $699,883 (Feb. 2010). Median days on market data for Huntington Beach shows that houses are selling slower than Feb 09. It took 47 days in Feb 09 for a house to sell and for Feb 10 that number has gone up to 79 days (an 68.72% deterioration). Another important factor to consider is total number of units sold. In the month of Feb 09, 54 units were sold compared to 66 for Feb 10 (22.22% change). Lastly we are going to take a look at the Sales Price to List Price Ratio for Huntington Beach. SP/LP ratio for Feb 09 was 95% compared to 98% for Feb 10.

Let’s take a brief look at neighbors Newport Beach and Tustin. Newport Beach Real Estate featured a 23.39% increase in median sales price ($872,991 Feb 09 – $1,077,206 Feb 10) and Tustin Real Estate saw a 9.04% increase ($583,733 Feb 09 – $636,512 Feb 10). Are houses in Newport Beach and Tustin selling faster or slower this year? Well, Newport Beach experienced a 57.76% increase (100 to 158 days) in median days on market and Tustin saw a 42.06% increase (63 to 90 days). In the units sold category, Newport Beach sold 5 units more (29.41%) in Feb 2010 than 09 and Tustin sold 7 units less (-25.93%) in Feb 2010 than Feb 09.

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